18 hours Ago
LIC Stocks Today, Life Insurance of Corporation Share Price Live News & Updates: State-owned Life Insurance Corporation of India (LIC) i s in advanced talks with a “standalone health insurance company to acquire a substantial stake” as part of its proposed foray into health insurance. “I am very much hopeful that within this financial year (before March 31, 2025) a decision will be taken..
..,” Mohanty said on the sidelines of the Global Conference of Actuaries organised by the Institute of Actuaries of India.
LIC’s shareholding in the standalone health insurer will be less than 51 per cent, said Siddhartha Mohanty, Chief Executive Officer and Managing Director, LIC. The stock traded flat in early trade. Shares of LIC inched up by 0.
94% on the NSE to ₹764.50 as at 9.33 am.
The stock opened at ₹762.40. Life Insurance Corporation of India (LIC) is set to shake up the health insurance market, where it is close to making an entry with the acquisition of a stake in a “standalone” health insurance firm.
India’s largest life insurer on Tuesday said it is in advanced talks with a standalone health insurance company to acquire “substantial stake”. The entry of the state-owned life insurance behemoth into the health insurance space can potentially bring down premiums. Currently, the common man is feeling the pinch of pricey health insurance premiums.
Separately, Siddhartha Mohanty, Chief Executive Officer and Managing Director, LIC, said that discussions with a standalone health insurer are in the final stages. He emphasised that it is a natural choice for LIC to be in health insurance. Read more Comments.
